Is it irrelevant, or will the Upgrade make the KAZ Minerals share price more attractive?

• HSBC General upgrades to Buy, with a target price of 690p.
• Consensus: 12 Buys, 10 Holds, 3 Sell; Avg target: 685p (Source: Bloomberg).
• Current share price 535p (at time of writing).
• Will the shares turn back, or will the upgrade push them towards recent 745p recent highs?
• Shares -28.1% from 2019 highs; +8.6% from 2019 lows; +0.8% year-to date.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading KAZ Minerals – An Example

Let’s say you think that KAZ Minerals shares have upside potential as result of this broker upgrade. You decide to buy exposure to £10,000 worth of KAZ Minerals using a CFD, at the current price of 535p. To do this, you need £2,000.

For the purpose of this example, let’s assume the KAZ Minerals share price rises to 745p recent highs (+39%). Your profit would be £3900 from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. KAZ Minerals shares fall 5% and hit your stop-loss. Your loss would be £500.

This is provided for information purposes only. It should not be taken as a recommendation.